Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block]


(Shares in thousands)			Number of Shares
Authorized			23,000
$4.50 Series, callable at $120			1,673
$3.50 Series, callable at $102			700

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]


(In millions)	Cumulative Translation Adjustment 1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total
2025
Balance at January 1, 2025	$	(3,472)	$	16	$	(226)	$	219	$	(6)	$	(3,469)
Other comprehensive income (loss) before reclassifications	869		(89)		3		—		5		788
Amounts reclassified from accumulated other comprehensive income (loss)	—		45		(1)		(7)		—		37
Net other comprehensive income (loss)	869		(44)		2		(7)		5		825
Balance at June 30, 2025	$	(2,603)	$	(28)	$	(224)	$	212	$	(1)	$	(2,644)

2026
Balance at January 1, 2026	$	(2,605)	$	(7)	$	(378)	$	193	$	—	$	(2,797)
Other comprehensive income (loss) before reclassifications	(122)		(39)		(2)		(1)		1		(163)
Amounts reclassified from accumulated other comprehensive income (loss)	—		4		(4)		(6)		—		(6)
Net other comprehensive income (loss)	(122)		(35)		(6)		(7)		1		(169)

Balance at June 30, 2026	$	(2,727)	$	(42)	$	(384)	$	186	$	1	$	(2,966)

1.The cumulative translation adjustment loss for the six months ended June 30, 2026 was primarily driven by the strengthening of the USD against the Euro ("EUR") and Indian Rupee ("INR"), partially offset by the weakening of the USD against the Brazilian Real ("BRL"). The cumulative translation adjustment gain for the six months ended June 30, 2025 was primarily driven by the weakening of the USD against the Euro, Brazilian Real and Mexican Peso ("MXN").

Tax (Expense) Benefit of Other Comprehensive (Loss) Income


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2026		2025		2026		2025
Derivative instruments	$	3	$	16	$	(3)	$	3
Pension benefit plans - net	—		—		(1)		1
Other benefit plans - net	1		—		2		2
Unrealized gains (losses) on investments	—		—		—		—
(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	4	$	16	$	(2)	$	6

Reclassification out of Accumulated Other Comprehensive (Loss) Income [Table Text Block]


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2026		2025		2026		2025
Derivative instruments 1:	$	—	$	55	$	3	$	68
Tax (benefit) expense 2	1		(12)		1		(23)
After-tax	$	1	$	43	$	4	$	45
Amortization of pension benefit plans:
Prior service (benefit) cost 3,4	$	(1)	$	(1)	$	(2)	$	(2)
Actuarial (gains) losses3,4	(2)		—		(2)		—


Total before tax	$	(3)	$	(1)	$	(4)	$	(2)
Tax (benefit) expense 2	—		—		—		1
After-tax	$	(3)	$	(1)	$	(4)	$	(1)
Amortization of other benefit plans:

Actuarial (gains) losses 3,4	(4)		(4)		(8)		(9)

Total before tax	$	(4)	$	(4)	$	(8)	$	(9)
Tax (benefit) expense 2	1		—		2		2
After-tax	$	(3)	$	(4)	$	(6)	$	(7)






Total reclassifications for the period, after-tax	$	(5)	$	38	$	(6)	$	37

1.Reflected in cost of goods sold in the interim Consolidated Statements of Operations.

2.Reflected in provision for (benefit from) income taxes from continuing operations in the interim Consolidated Statements of Operations.

3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 14 - Pension Plans and Other Post Employment Benefits, to the interim Consolidated Financial Statements, for additional information.

4.Reflected in other income (expense) - net in the interim Consolidated Statements of Operations.